Form 4: Saba Capital Management and Boaz Weinstein Increase Stake in Eaton Vance New York Municipal Bond Fund

Saba Capital Management, L.P. and its principal, Boaz Weinstein, both identified as 10% owners and directors, have increased their beneficial ownership in Eaton Vance New York Municipal Bond Fund (ENX) through recent common stock purchases.

Summary

• Saba Capital Management, L.P. and Boaz Weinstein, both holding roles as Director and 10% Owner of Eaton Vance New York Municipal Bond Fund (ENX), reported recent acquisitions of common stock.
• On June 3, 2025, 14,802 shares of common stock were acquired at a price of $9.13 per share.
• On June 4, 2025, an additional 100 shares of common stock were acquired at a price of $9.15 per share.
• Following these transactions, the total indirect beneficial ownership stands at 3,811,285 shares of common stock.
• The transactions were made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged trading plan.

Sentiment

Score: 8

Explanation: The sentiment is strongly positive due to significant insider buying by a 10% owner and director, indicating high confidence in the company's value and future performance.

Positives

• Significant insider buying by a 10% owner and director (Saba Capital Management and Boaz Weinstein) signals strong confidence in the company's future prospects.
• The purchases increase the total beneficial ownership, aligning the interests of a major shareholder and director with those of other shareholders.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders may perceive the insider purchases as a strong vote of confidence from a major investor and director, potentially leading to increased investor interest and positive sentiment towards the stock.

Key Dates

Recommendation

Keywords

Eaton Vance New York Municipal Bond Fund, ENX, Saba Capital Management, Boaz Weinstein, Insider Trading, Form 4, Beneficial Ownership, Stock Purchase, Municipal Bond Fund, Investment Fund, Rule 10b5-1